NextEra Energy Inc (NEE) Position Increased by Westpac Banking Corp

Westpac Banking Corp boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 103.2% during the 4th quarter, Holdings Channel reports. The firm owned 161,377 shares of the utilities provider’s stock after purchasing an additional 81,943 shares during the period. Westpac Banking Corp’s holdings in NextEra Energy were worth $25,205,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NEE. Janus Henderson Group PLC grew its position in NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. grew its position in NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. Principal Financial Group Inc. grew its position in NextEra Energy by 122.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after purchasing an additional 814,478 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after purchasing an additional 777,351 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in NextEra Energy during the 2nd quarter valued at about $96,214,000. 75.41% of the stock is currently owned by institutional investors.

Shares of NextEra Energy Inc (NYSE:NEE) opened at $151.88 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The stock has a market cap of $71,440.00, a PE ratio of 17.07, a PEG ratio of 2.78 and a beta of 0.31. NextEra Energy Inc has a 1-year low of $117.91 and a 1-year high of $159.40.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share. sell-side analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current year.

NEE has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Tuesday, December 12th. Bank of America initiated coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Argus reaffirmed a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group initiated coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $159.56.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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